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Allen & Overy is advising Bolloré on the EUR5.7 billion disposal of Bolloré Africa Logistics to MSC

Author
Ancel Alexandre
Alexandre Ancel

Partner

Paris

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Bourabiat Amine
Amine Bourabiat

Counsel

Paris

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Thebault Olivier
Olivier Thebault

Partner

Paris

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Moreau Frederic
Frederic Moreau

Partner

Paris

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Julie Parent

Senior Associate

Paris

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Worms Paul
Paul Worms

Associate

Paris

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Billere-Mellet Jade
Jade Billere-Mellet

Associate

Paris

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Bererhi Driss
Driss Bererhi

Partner

Paris

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Aïda Lamrani Karim

Associate

Paris

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24 December 2021

Allen & Overy is advising the Bolloré Group on its potential divestment of 100% of Bolloré Africa Logistics, which includes all the transport and logistics activities of the Bolloré Group in Africa, to the MSC Group on the basis of an enterprise value, net of minority interests, of EUR5.7 billion.

The Bolloré Group has granted the MSC Group, a major player in container transport and logistics, an exclusivity until 31 March 2022 to allow the MSC Group, further to an additional due diligence phase and contractual negotiations, to submit a put option.

The Bolloré Group’s decision to exercise this put option and the signature of the relevant agreements may only take place after the competent employee representative bodies have been informed and consulted and certain internal reorganisation operations have been carried out within the Bolloré Group. Completion of the sale would require the approval of regulatory and competition authorities, as well as of certain counterparties of Bolloré Africa Logistics.

Publicly traded and among the 500 largest companies in the world, the Bolloré Group currently holds strong positions in its three lines of business: transportation and logistics, communications, electricity storage and systems. Its subsidiary, Bolloré Africa Logistics, is one of the biggest transport and logistics operator in Africa, where it has a network of 250 subsidiaries and around 21,000 employees in 49 countries, including 47 in Africa.

The Allen & Overy team is led by Alexandre Ancel (partner, Mergers & Acquisitions) and Amine Bourabiat (counsel, Infrastructure / Project Finance), with Olivier Thebault and Frédéric Moreau (partners, Mergers & Acquisitions), Julie Parent (senior associate), Paul Worms and Jade Billere-Mellet (associates) as well as Driss Bererhi (partner, Infrastructure / Project Finance) and Aïda Lamrani-Karim (associate, Infrastructure / Project Finance).

Other team members include Claire Toumieux (partner) and Camille Wattrelos (associate) on employment aspects, Guillaume Valois (partner) and Charles Del Valle (counsel) on tax and structuring advice, Romaric Lazerges (partner) and Luc Lamblin (counsel) on French regulatory aspects, Hippolyte Marquetty (partner) and Charly Latil (associate) on compliance matters, and Laurie-Anne Ancenys (counsel).

The Bolloré Group is also advised by Cabinet Bompoint (Dominique Bompoint, Louis-François Guéret and Vincent Ramonéda) and Peltier Juvigny Marpeau & Associés (Olivier de Juvigny and Thomas Bardusco).

The MSC Group is advised by Gide.